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Central Transport | 5% where is it?

While he played actor and told everyone that he took a 10 percent pay cut, he turned around and pais himself a 25K bonus. When was the last time we all had a raise or bonus, or.....

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Richard E. Gaetz
President, Chief Executive Officer and Director
Vitran Corporation, Inc.
Toronto , ON
Sector: SERVICES / Trucking
Officer since January 1989

52 Years Old
Mr. Gaetz succeeded Mr. McGraw as the President and Chief Executive Officer of the Company in May of 2002. He held the positions of President and Chief Operating Officer of Vitran Corporation Inc. since he joined the Company in 1989. Mr. Gaetz is also a director of Drive Products Income Fund.
Compensation for 2009
Salary $511,030.00
Bonus $25,000.00
Restricted stock awards $0.00
All other compensation $21,995.00
Option awards $ $145,500.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $20,000.00
Total Compensation $723,525.00

Options Granted
Grant
Date All other stock awards (# of shares of stocks or units) Number of securities underlying options Exercise
or base
price Percent of total options granted in fiscal year Grant date fair value of stock and option awards See More
12/15/2009 - - $10.40 0% $145,500.00
02/13/2008 - - $12.79 0% $77,850.00
02/13/2007 - - $21.09 0% $207,500.00
02/16/2006 - - $22.00 0% $133,500.00
02/28/2005 - 25,000 $15.23 32.1% $ -


Expiration date 02/28/2015
Value of options potential value 5% $239,452.00
Value of options potential value 10% $606,817.00
Estimated future payouts under non-equity incentive plan awards (threshold $) $ -
Estimated future payouts under non-equity incentive plan awards (target $) $ -
Estimated future payouts under non-equity incentive plan awards (maximum $) $ -
Estimated future payouts under non-equity incentive plan awards (threshold #) -
Estimated future payouts under non-equity incentive plan awards (target #) -
Estimated future payouts under non-equity incentive plan awards (maximum #) -
Close

03/31/2004 - 40,000 $15.55 11.3% $ -


Expiration date 03/31/2014
Value of options potential value 5% $391,172.00
Value of options potential value 10% $991,308.00
Estimated future payouts under non-equity incentive plan awards (threshold $) $ -
Estimated future payouts under non-equity incentive plan awards (target $) $ -
Estimated future payouts under non-equity incentive plan awards (maximum $) $ -
Estimated future payouts under non-equity incentive plan awards (threshold #) -
Estimated future payouts under non-equity incentive plan awards (target #) -
Estimated future payouts under non-equity incentive plan awards (maximum #) -
Close


Options Exercised
Number of securities underlying options exercisable 157,500
Number of securities underlying options unexercisable 80,000
Value of unexercised options, currently exercisable $2,426,430.00
Value of unexercised options, currently unexercisable $645,820.00
Shares acquired on exercise 50,000
Value Realized $748,000.00

Director Compensation (Vitran Corporation, Inc.) for 2009
Fees earned or paid in cash $0.00
Stock awards $0.00
Option awards (in $) $0.00
Non-equity incentive plan compensation $0.00
Change in pension value and nondisqualified compensation earnings $10,000.00
All other compensation $0.00
Total Compensation $10,000.00

Director Compensation (Vitran Corporation, Inc.) for 2008
Fees earned or paid in cash $0.00
Stock awards $0.00
Option awards (in $) $0.00
Non-equity incentive plan compensation $0.00
Change in pension value and nondisqualified compensation earnings $10,000.00
All other compensation $0.00
Total Compensation $10,000.00

Director Compensation (Vitran Corporation, Inc.) for 2007
Fees earned or paid in cash $0.00
Stock awards $0.00
Option awards (in $) $0.00
Non-equity incentive plan compensation $0.00
Change in pension value and nondisqualified compensation earnings $10,000.00
All other compensation $0.00
Total Compensation $10,000.00

Director Compensation (Vitran Corporation, Inc.) for 2006
Fees earned or paid in cash $0.00
Stock awards $0.00
Option awards (in $) $0.00
Non-equity incentive plan compensation $0.00
Change in pension value and nondisqualified compensation earnings $10,000.00
All other compensation $0.00
Total Compensation $10,000.00

RSS Feed on Richard GaetzNews Wire Headlines
09.01.10 Vitran Corporation Inc. Appoints Jim D. Lutes to Board of Directors GlobeNewswire 07.22.10 Vitran Reports Continued Improvement With 2010 Second Quarter Results GlobeNewswire 07.08.10 Vitran Corporation Inc. to Report 2010 Second Quarter Results and Host Investor Conference Call... GlobeNewswire All News Wire Headlines >A D V E R T I S E M E N T


Search Corporate Executives and Directors
Name (e.g. Bill Gates)

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Lookup Symbol
Company: Vitran Corporation, Inc. (VTNC) Top Executives at Vitran Corporation, Inc.

Richard E. Gaetz CEO/Director/President
Fayaz D. Suleman Controller/Chief Accounting Officer
Richard D. McGraw Chairman of the Board/Director
John R. Gossling Director
Anthony F. Griffiths Director
Jim D. Lutes Director
Sean P. Washchuk CFO/Vice President, Divisional
Georges L. Hebert Director
William S. Deluce Director

See All Executives and Directors at Vitran Corporation, Inc. >
See Org Chart for VTNC >






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As long as we are willing to work for low wages and no chance of moving up the pay scale, he can aford to give himself a good bonus!
 
wrenchmonkey said:
thats why the UNION mumble is goin on
Click to expand...

Lot of Mumble. Even cards floating around. What do you think the "new employee" website is all about?
Never'll happen. Everybody knows how fast this company will pull the trigger on a worker uttering that word. Or how fast they'll close a terminal overnight if they think it's going that way...
I do not ever expect to get my 5% back. Ever. I do not expect to get a raise for at least two more years... I DO expect to lose more, be it benefits, pay,etc. although there is little left.
Rick G. is only worried about making the stock go up so he can sell his options and leave rich.....glad I could help you Rick by putting in 15 hour days...:17142:
 
Well, don't be surprised when you see that his sidekick got a 25K bonus as well. They must pat each other on the back saying how good of a job they have done.

Sean P. Washchuk
Vice President, Finance and Chief Financial Officer
Vitran Corporation, Inc.
Toronto , ON
Sector: SERVICES / Trucking
Officer since January 2000

38 Years Old
Mr. Washchuk joined Vitran in 2000 as the Corporate Controller and was appointed Chief Financial Officer and Vice President Finance in 2004. Prior to joining Vitran in 2000, he was a Controller at a North American plastics recycling company and was also a manager at PricewaterhouseCoopers in the assurance and business advisory services practice. Mr. Washchuk is a Chartered Accountant with the Canadian Institute of Chartered Accountants.
Compensation for 2009
Salary $231,692.00
Bonus $25,000.00
Restricted stock awards $0.00
All other compensation $22,675.00
Option awards $ $106,700.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $16,500.00
Total Compensation $402,567.00
Options Granted
Grant
Date All other stock awards (# of shares of stocks or units) Number of securities underlying options Exercise
or base
price Percent of total options granted in fiscal year Grant date fair value of stock and option awards See More
12/15/2009 - - $10.40 0% $106,700.00
02/13/2008 - - $12.79 0% $77,850.00
02/13/2007 - - $21.09 0% $249,000.00
02/06/2006 - - $22.00 0% $133,500.00
02/28/2005 - 5,000 $15.23 6.4% $ -
open
close

Expiration date 02/28/2015
Value of options potential value 5% $47,890.00
Value of options potential value 10% $121,363.00
Estimated future payouts under non-equity incentive plan awards (threshold $) $ -
Estimated future payouts under non-equity incentive plan awards (target $) $ -
Estimated future payouts under non-equity incentive plan awards (maximum $) $ -
Estimated future payouts under non-equity incentive plan awards (threshold #) -
Estimated future payouts under non-equity incentive plan awards (target #) -
Estimated future payouts under non-equity incentive plan awards (maximum #) -
Close close
10/31/2004 - 40,000 $16.09 11.3% $ -
open
close

Expiration date 10/31/2014
Value of options potential value 5% $404,757.00
Value of options potential value 10% $1,025,733.00
Estimated future payouts under non-equity incentive plan awards (threshold $) $ -
Estimated future payouts under non-equity incentive plan awards (target $) $ -
Estimated future payouts under non-equity incentive plan awards (maximum $) $ -
Estimated future payouts under non-equity incentive plan awards (threshold #) -
Estimated future payouts under non-equity incentive plan awards (target #) -
Estimated future payouts under non-equity incentive plan awards (maximum #) -
Close close
03/31/2004 - 15,000 $15.55 4.2% $ -
open
close

Expiration date 03/31/2014
Value of options potential value 5% $189,140.00
Value of options potential value 10% $479,318.00
Estimated future payouts under non-equity incentive plan awards (threshold $) $ -
Estimated future payouts under non-equity incentive plan awards (target $) $ -
Estimated future payouts under non-equity incentive plan awards (maximum $) $ -
Estimated future payouts under non-equity incentive plan awards (threshold #) -
Estimated future payouts under non-equity incentive plan awards (target #) -
Estimated future payouts under non-equity incentive plan awards (maximum #) -
Close close
Options Exercised
Number of securities underlying options exercisable 11,600
Number of securities underlying options unexercisable 49,600
Value of unexercised options, currently exercisable $51,830.00
Value of unexercised options, currently unexercisable $198,170.00
Shares acquired on exercise 5,300
Value Realized $72,398.00

rss RSS Feed on Sean Washchuk
News Wire Headlines
09.01.10 Vitran Corporation Inc. Appoints Jim D. Lutes to Board of Directors GlobeNewswire
07.22.10 Vitran Reports Continued Improvement With 2010 Second Quarter Results GlobeNewswire
07.08.10 Vitran Corporation Inc. to Report 2010 Second Quarter Results and Host Investor Conference Call... GlobeNewswire
All News Wire Headlines >
A D V E R T I S E M E N T

Search Corporate Executives and Directors
Name (e.g. Bill Gates)

Enter Ticker Symbol:
Lookup Symbol
Company: Vitran Corporation, Inc. (VTNC)
Top Executives at Vitran Corporation, Inc.

Richard E. Gaetz CEO/Director/President
Fayaz D. Suleman Controller/Chief Accounting Officer
Richard D. McGraw Chairman of the Board/Director
John R. Gossling Director
Anthony F. Griffiths Director
Jim D. Lutes Director
Sean P. Washchuk CFO/Vice President, Divisional
Georges L. Hebert Director
William S. Deluce Director
See All Executives and Directors at Vitran Corporation, Inc. >
See Org Chart for VTNC >


News by E-mail Get stories by E-Mail on this topic FREE
TOPIC ALERTS:

Sean P. Washchuk VTNC

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thats why it has to be all the terminals at the same time to work. it cant succeed one terminal at a time.
 
We will get our 5% back after they replace all the junk equipment. We are making progress, new uniforms, a couple of new forklifts, New used trailers and tractors. At the current rate, and if the company somehow manages to stay open, 10 years we just might get a free cookout.
 
Checking out the Vitran web site Canada now has hand held computers for there p/d drivers well i guess the 5% is going to be a lot longer
 
well first it was 400 new 53 footers then it was several new trucks and most recently new forklifts that is where your 5% has been going.
 
In most cases 9% if you were getting the 4% match with 401k, then we'll throw in a couple of points for the pay raise freeze. In my case I will round it off to 15%.
 
I was thinking about the total $ figure per year, like 10% x number of employes x avg. wage per year.
 
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